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  1. Court lays down law on illegal fund-raising

    Posted Jan 06th 2011, 12:00am by Staff Reporter

    ... Mandy Zuo The Supreme People's Court has issued interpretations that will help the authorities crack down on illegal fund-raising by businesses. The interpretations, which came into effect on Tuesday, define illegal fund-raising as taking money from the public in breach of financial laws. They cover two categories of offenders- individuals and organisations. The unauthorised ...

  2. Pension now covers 143m farmers, just 757m to go

    Posted Mar 09th 2011, 12:00am by Staff Reporter

    ... cent of counties, up from 24 per cent at present. He wants the pension system to cover all farmers on the mainland by 2015. The government pays out 55 yuan per head from the rural pension fund ... yuan was paid, resulting in a balance of 300 billion yuan, he said. That made the combined pension balance 1.5 trillion yuan. 'We will study how to invest this fund to make people's ...

  3. Events

    Posted Oct 14th 2009, 12:00am by Staff Reporter

    ... factors for women leaders'. On Hing Building, Central. Hong Kong Securities Institute luncheon: 'ETFs series: Exchange-traded funds'. Wing On Centre. Monday, October 19: Hong Kong ...

  4. Fraudsters cost social security fund 1.7b yuan

    Posted Aug 03rd 2012, 12:00am

    ... Zhuang Pinghui pinghui.zhuang@scmp.com A national audit has uncovered social security fund fraud involving 1.7 billion yuan (HK$2.09 billion) and more than 300 people. In a report released yesterday, the National Audit Office detailed how various governments misused the social security funds. Spending 595 million yuan on operating fees, 114 million yuan to balance official books ...

  5. HSBC helps teach staff to pick the right MPF fund

    Posted Jun 30th 2012, 12:00am

    ... Darius Musni Mandatory Provident Fund (MPF) providers, like human resources managers, are confronted by the generational challenge in the workplace. Accordingly, they are adapting ... employees' retirement fund through voluntary and additional MPF contributions is one of the best ways to guarantee financial security after the inevitable retirement. Voluntary contributions ...

  6. Pension fund to invest more in state enterprises

    Posted Apr 13th 2012, 12:00am

    ... Daniel Ren in Shanghai Ren.wei@scmp.com The national pension fund has pledged to increase investments in major state-owned enterprises (SOEs), in a bid to cement its ties with the industrial juggernauts that enjoy a cosy oligopoly on the mainland. Dai Xianglong, chairman of the National Social Security Fund (NSSF), told a government conference the fund would give financial ...

  7. Threat to MPF and Asian funds from US law

    Posted May 28th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Some of the 2.5 million Hong Kong employees covered by the Mandatory Provident Fund (MPF) may be in for a nasty shock when a new US tax law comes into effect ... more detail on their US clients. Non-US financial institutions that fail to co-operate will face a 30 per cent withholding tax on most US-sourced income. 'Even if a fund, including MPF, ...

  8. Care fund due for spending review

    Posted May 29th 2012, 12:00am

    ... with a joint venture with the business sector- each to donate HK$5 billion to set up a Community Care Fund to help the poor. Despite a lukewarm response from tycoons and criticism over its targets, the fund has since rolled out more than a dozen housing, medical, welfare and education programmes. With an envious HK$6.8 billion in the coffers, the group's advisers are not short of ideas ...

  9. CSRC plans new path for pension fund investments

    Posted May 22nd 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Beijing will widen access to mainland equities for pension funds from Hong Kong, Taiwan and Singapore, reflecting its determination to lure more ... to trade yuan-denominated A shares- the China Securities Regulatory Commission (CSRC) plans to create a new system that can help pension funds profit from the mainland's economic growth, ...

  10. Finance still offers a barrel of funds

    Posted May 08th 2012, 12:00am

    ... Enoch Yiu While many banks may have plans to axe staff, the outlook is not gloomy for all parts of the financial industry. The investment fund sector is still in expansion mode as new fund houses and products emerge. The number of authorised collective investment schemes- mutual funds, real estate investment trusts, investment-linked products and funds under the Mandatory Provident ...




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